Skip to main content
AVOID.NET
Sign in

Ambient Finance

avoid.net/ambient-finance→48/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·2HzyUW…Kzsa

Summary

Ambient Finance (formerly CrocSwap, operated by Crocodile Labs) is a decentralized exchange protocol running its entire DEX inside a single smart contract, deployed on Ethereum and several Layer 2 networks. The project raised $6.5 million in a seed round in July 2023 from credible institutional investors including BlockTower Capital, Jane Street, and Circle Ventures. It has experienced two notable security incidents: a DNS hijacking attack in October 2024 that compromised its frontend, and an on-chain smart contract exploit in June 2026 that resulted in approximately $110,600 in losses.

Connected Entities

1 entities
Protocols
⌂Ambient Finance
Relationships

    Connected Through

    1 shared actor · 1 investigation

    Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

    Have evidence about Ambient Finance?

    Timeline(8 events)

    2021

    Crocodile Labs founded by Douglas Colkitt; protocol developed under the name CrocSwap

    Rootdata / SoSoValue

    11 July 2023

    Ambient Finance (formerly CrocSwap) raises $6.5 million seed round led by BlockTower Capital; investors include Jane Street, Circle Ventures, Naval Ravikant, Quantstamp, and others at $80M network valuation

    CrocSwap Medium / CoinCarp

    July 2023

    Ambient Finance mainnet launches on Ethereum

    Rootdata

    March 2024

    Ambient Finance launches on Blast mainnet; Ambient Points Season 1 goes live, coinciding with significant TVL growth

    ambient_finance on X

    17 October 2024

    Ambient Finance frontend DNS hijacked; Inferno Drainer malware deployed via malicious domain clone; team warns users not to interact with the site

    CoinTelegraph

    19 October 2024

    Ambient Finance recovers domain; transfers to hardened registrar; team confirms on-chain contracts and protocol funds unaffected; states affected users were reimbursed

    Cryptopolitan

    21 October 2024

    Ambient Finance issues all-clear; frontend confirmed safe to interact with again

    ambient_finance on X

    8 June 2026

    Ambient Finance suffers on-chain exploit on Ethereum; approximately $110,600 drained; TenArmorAlert discloses the incident; funds routed through Uniswap V4

    Crypto Times
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain15 Wayback Archives

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (3 events). 15 of 17 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 6/14/2026, 11:35:19 PM

    last updated: 8/27/2026, 6:09:23 AM

    8 views

    avoid.net — verified advice for a post-truth world